World reports

Stocks to watch

SYDNEY, Feb 4 AAP

February 04 2013, 07:33AM

The Australian dollar is slightly higher following rallies on US share markets on Friday night.

At 0700 AEDT on Monday, the currency was trading at 104.07 US cents, up from 103.99 US cents on Friday.

The Australian dollar fell as low as 103.61 US cents late on Friday after weaker-than-expected Chinese manufacturing data raised expectations the Reserve Bank of Australia (RBA) would cut the cash rate at its monthly board meeting on Tuesday.

The cash rate is currently at 3.0 per cent following a total of 1.75 percentage points in cuts between November 2011 and December 2012.